Adani potential Conflict of Interest with SEBI

The daughter of Cyril Shroff but his daughter is married to Gautam Adani’s son. Cyril Shroff serves on SEBI’s Committee on Corporate Governance & Insider Trading. If SEBI listens to people and is examining Adani issue, Shroff should not be involved at all, anywhere. more  

View all 8 comments Below 8 comments
Adani Ports Investors Panic - Bond yields drop to junk status. Investors anxious over billionaire Gautam Adanis's business empire have sent some of his companies bond yield above 10%, a milestone typically reserved for junk-rated debt. Adani Ports & Special Economic Zone Ltd., which is scheduled to pay a total of $24.7 million in interest on three- dollar bonds are being quoted well into distressed territory. Adani Ports,India's largest private sector port operator with 30% market share - its bond yields have soared since US-based Hidenburg Research's scathing report, well over the 8.5% rate of junk bonds. The US based short seller accused the Adani conglomerate of `brazen' stock manipulator and accounting fraud - allegations that the group rebutted in a 413-page response, but couldnot stem the rout. The business's market capitalization have lost more than $100 billion since the report was published, one of the biggest wipe outs in India's history. The rout worsened after the decision not to go ahead with a follow-on public offer of shares. It has been returning funds to investors that had participated in it. Veteran emerging-market investor Mark Mobius passed on share sale due to concerns over Adani empire's debts. Billionaire Adani, who started as a diamond trader in Mumbai in the 1980s, now helms a conglomerate spanning ports, airports, coal mines, power plants and has more recently diversified into in renewables, cement, realty and media. more  
yes they should not be part of investigation . more  
Yes, good point. Ethics more  
If such is true then sebi will be having the coi policy. However he should not be a part of investigation more  
India's public financial institutions are robust. Concerns should not exist from the point of view of financial stability, either for depositors or for policy holders, or for anyone holding shares in these institutions. The stock prices of Adani Enterprises has fallen considerably - these gyrations have little or nothing to do with macro-economy at all. Its the creation of right investment environment, sustaining a well regulated set of financial markets, while making sure that transparency of required quality exists and market functions well, information asymmetry, if any reduced/removed and making sure that government's own macro-economic policy are sound. more  
Post a Comment

Related Posts

    • Request A gazette that puts notification on discontinuation of any car on public domain

      Dear Jeep India, You had plans to discontinue the Jeep Compass Petrol models as on May 2023, and in March 2023 you aggressively sale pitched me by sending your Sales Executive to my hous...

      By Tarit MOHAN
    • Karnataka corruption brought the Govt down

      Corruption was the biggest issue in Karnataka. And the top leadership did nothing to stop it. 40% proved costly. This should be a lesson for 2024. No amount of roadshows can win elections if the tr...

      By SN Mittal
    • Political Funding Tax Evasion modus operandi

      Heard of a tax evasion scheme. Person donates, say, ₹10L to a political party. Gets ~35% IT benefit (for taxable income >50L). The political party returns back ₹9L. Political party converts it's...

      By Rajesh Suri
    • PM/ CM Helplines

      The PM Helpline was very effective when it was launched and it is supporting citizens to a great extent. It has however been observed that for the states that have a CM Helpline, the grievance of P...

      By Pranaya Rawat
    • Adding 5 Adani companies to Nifty indices

      An NSE subsidiary is set to include 5 Adani group firms in 14 Nifty indices. Experts are worried as it would drive lakhs of investors’ savings into the group’s sinking stocks from March...

      By Karuna Dhingra
    • LIC investment in Adani in REF

      ‘LIC investments in AdaniGroup has now turned Negative Initial investment: ₹ 30,127 Cr December: ₹ 62,550 Cr January: ₹ 56,142 Cr Now: ₹ 29,721 Cr

      By Yash Jindal
    • Adani Saga

      Did this attached really happen or is this narrative building. However the bigger question is , if the promoters had ₹9000 crore available , why were they raising additional capital via FPO ?

      By Arjun Singh
    • Indian industrialists and bankers buying FPO

      Shame on Sunil Mittal, Jindal and Deepak Parekh for propping up the botched FPO of Adani. Especially Parekh who belongs to the industry where trust is supreme. Deepak Parekh's HDFC Life is the only...

      By Ruchika L Maheshwari
    • Circuit Breaker Lower Limit for shares

      So Adani Total Gas (I mean literally) was falling 20% day after day since Hindenburg report came. Because the circuit breaker control kicked in. Yesterday for all Adani companies this l...

      By Vishal Khanna
    • adani group

      the answer is quite simple;groups like adani would not promote any professionalism and hence would not associate with entities which impose their professional independence.they wish people who are ...

      By Suresh Dasarathy
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)